LONG EXPOSURE
A view that the index will rise.
A long position gains from an upward move in the collection index and loses from a downward move, before fees and funding.
02 / THE PROTOCOLDATA → INDEX → POSITION → SETTLEMENT
A new dimension
to your collection.
Built around synthetic collection indices.
Designed for both sides of the market.
COLLECTION INDEXOne collection.
One market.
One market.
Marketplace data and decentralized base-asset feeds provide floor price, depth, volatility, TWAP, listing velocity and cross-chain normalization inputs.
UNDERSTANDING A POSITIONSTRAPTRADE
Two directions.
One collection index.
SHORT EXPOSURE
A view that the index will fall.
A short position gains from a downward move in the collection index and loses from an upward move, before fees and funding.
Leverage magnifies both gains and losses. A position can be liquidated if its collateral no longer meets margin requirements.
THE MECHANICSSTRAPTRADE
What sits behind
every position.
Collateral
The whitepaper lists USDC, ETH, SOL and BTC as fungible collateral examples, alongside eligible NFTs deposited into the Collateral Vault and assigned an index-derived collateral value.
Funding
A periodic funding mechanism redistributes value between long and short positions when directional exposure becomes imbalanced, while execution remains referenced to the NFT Index Price.
Liquidation
Initial Margin and Maintenance Margin define position health. The design adds TWAP smoothing, oracle deviation checks and volatility-aware controls before its staged liquidation pipeline.
A closer look
Do I own the underlying NFT when I open a position?
No. The proposed perpetual market gives exposure to a synthetic collection index. It does not transfer ownership of an underlying NFT.
How is the collection price determined?
The whitepaper describes a multi-layer oracle architecture using marketplace data, Reservoir, Chainlink and Pyth inputs, followed by filtering and normalization before the NFT index is used by the trading system.
Is this already a live trading system?
No. The whitepaper documents the proposed protocol design and the Product page shows a product concept. The website does not present these mechanisms as deployed markets.